Peter Thiel is a heavyweight entrepreneur and investor who made his career in Silicon Valley. He launched and took public online payments company PayPal, was an early investor in Facebook and Airbnb and went on to launch software company Palantir Technologies. But now the billionaire says that Silicon Valley’s monopoly on technology company growth is […]
Read moreBridgewater Associates founder Ray Dalio said Thursday that his firm is invested in the stock market but cautious on bonds. In an interview on Bloomberg Radio, the hedge fund manager was asked if he is predicting a bear market. “No. We’ve been long equity markets,” Dalio said. The investor did note risks are rising as […]
Read moreThere's a company reporting after the bell that's beat the Street every quarter for 8 years straight
Earnings season can be hard for traders as they try to game who will beat or miss Wall Street estimates. But one company is making it look easy. Business communications company LogMeIn has reported earnings per share higher than the consensus Wall Street estimate every quarter for the last 8 years, according to research firm […]
Read moreThis article first appeared in Larry Summers’ blog. I have been very sharply critical of what I regard as unprofessional exaggeration by advocates of the Trump tax proposal. Reasonably enough, people have asked what I am for. I strongly support tax reform in general and especially corporate tax reform on the model of the highly […]
Read moreThe U.S. dollar has limped through most of 2017, but suddenly the greenback is surging. That could mean a day of reckoning is at hand for investors who piled into what’s been among the hottest market trades of the year: international stocks. The greenback has climbed by about 1 percent against the euro and near-3 […]
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Thursday marks the busiest day for earnings as a number of tech titans report. Alphabet, Amazon, Intel and Microsoft release earnings after the bell Thursday. The four companies combined represent 25 percent of the Nasdaq 100, and have a combined market cap of nearly $2 trillion — and there are two names in particular that […]
Read moreCatalan regional government president Carles Puidgemont has decided not to call a snap election, he announced Thursday. The politician said he had considered the move — a bid to strengthen his mandate and break an ongoing deadlock with Madrid authorities — but ruled it out because he had not obtained enough guarantees from the central […]
Read moreThe Kingdom of Saudi Arabia intends to invest $1 billion in Virgin Group space companies, according to billionaire Richard Branson’s conglomerate on Thursday. The contract is described as a “partnership on spaceflight, satellite launch and space-centric entertainment,” backed by the Public Investment Fund of Saudi Arabia. The venture will fuel three Virgin companies – Virgin […]
Read moreLike pretty much every big personnel call in this White House, President Donald Trump has turned his selection of a Federal Reserve chair into a version of “The Bachelor” with everyone feverishly guessing who will get the role of leading the world’s most important central bank. Trump has gone so far as to solicit advice […]
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A TELEVISION advertisement for Monte dei Paschi di Siena begins with a toddler tumbling and a gymnast stumbling. “Falling is the first thing we learn,” declares the voice-over. “The second is getting up again.” Italy’s fourth-biggest bank and the world’s oldest, which was bailed out by the Italian government in July, has had several bruising […]
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